Most insurance companies have dirty risk pools because they insure just about everybody – safety-conscious companies and careless companies alike. So premiums are higher for everybody because the pool needs cash to cover the excessive claims of unsafe, careless companies. Companies with track records of safety and low claims...Read more
Insurance isn’t fun. It’s one of business’s necessary evils you hope you never need to use. That’s why most CEOs and CFOs tend to avoid thinking about it. After setting up a plan, they’re locked in and lull themselves into comfortable contentment. They tolerate an annual review, listen to...Read more
Executives are often surprised when colleagues mention that they have moved to PBI based plans, and that they have dramatically lowered their premiums. PBI is one of the subjects which will be discussed extensively in this blog. Conventional insurance is called “Guaranteed Cost Insurance.” Companies pay a fixed premium...Read more
Long known for innovation, TriPoint has been at the forefront introducing safety, HR consulting and Injury Management services to the CT marketplace. TriPoint introduced the concept of Performance Based Insurance, which pays dividends to companies who have strong safety cultures and control their losses.